Blood On The Streets Of Europe – Stocks Crash By Most In 4 Years, Bond Risk Surges

Friday, August 21, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
08/21/2015

Carnage – everywhere. A surging EUR – as CNH carry traders unwind en masse – has led to an unwind across most risky assets in Europe. This week saw EuroStoxx 600 – the broad index – crash almost 6%, its biggest drop since September 2011. Perhaps most stunningly, Germany’s DAX was the biggest loser – collapsing 7.4% on the week. European bonds are are also seeing risk increase dramatically with Portugal and Italy worst (aside from Greece’s blowout). Europe’s VIX topped 30 this week, as US VIX surges.

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